Etihad Credit Insurance reports issuance of $1.71bln trade guarantees in 9M of 2022

Etihad Credit Insurance reports issuance of $1.71bln trade guarantees in 9M of 2022

DUBAI - Etihad Credit Insurance (ECI) held its third meeting in 2022, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of ECI.

The meeting focused on the review of a series of ECI's comprehensive programmes and initiatives, which are aligned with the National Agenda of bolstering the UAE's non-oil foreign trade and increasing national exports by 50 percent over the next few years as part of the 'Projects of the 50'.

During the meeting, Al Marri commended ECI's relentless commitment to protecting foreign investments of local businesses and its efforts to enhance UAE exports, ensuring their access to new international markets, which cements the unique position of the UAE in the international trade map.

He continued, "With the support and directives of our wise leadership, The UAE has achieved significant milestones at the regional and global levels, establishing its position as a leading hub of trade and investment in the region. We continue our efforts to expand and diversify our economy by improving the competitiveness of the business environment with a special focus on emerging industries and SMEs and enabling them to launch from the UAE and prepare them to expand and compete in